Token

Pacific

Chainlink

<ul>
 <li style="font-weight: 400">Blockchain oracle project Chainlink and FIX connectivity solutions provider Rapid Addition are teaming up to create a FIX-native adapter.</li>
</ul>
<h3 id="span-style-font-weight-400-chainlink-and-rapid-addition-collaborate-to-develop-adapter-for-institutional-digital-asset-trading-span">Chainlink and Rapid Addition Collaborate To Develop Adapter for Institutional Digital Asset Trading</h3>
Blockchain oracle project Chainlink <a href="https://www.prnewswire.com/news-releases/rapid-addition-and-chainlink-to-build-fix-native-blockchain-adapter-for-institutional-digital-asset-trading-302132801.html" rel="noopener noreferrer nofollow">collaborate</a>s with FIX connectivity solutions provider Rapid Addition to create a FIX-native adapter specifically designed for institutional digital asset trading.&nbsp;
This collaboration aims to enable banks and financial institutions to communicate and interact with a wide range of tokenized assets.
The adapter will be powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), an interoperability protocol that has diverse applications in areas such as token transfers, gaming, and decentralized finance (DeFi).&nbsp;
By leveraging this technology, banks and financial institutions will have the ability to send messages and engage with various tokenized assets in what Chainlink sees as an untapped market opportunity.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/south-korean-tech-giants-naver-and-kakao-aim-to-launch-their-token-in-june/" aria-label="“South Korean Tech Giants Naver And Kakao Aim to Launch Their Token in June” (Edit)" rel="noopener noreferrer nofollow">South Korean Tech Giants Naver And Kakao Aim to Launch Their Token in June</a>
Chainlink envisions that the FIX-native adapter will have significant use cases in renewable energy products, carbon credits, and real-world assets (RWAs) such as real estate, infrastructure, and collectibles.&nbsp;
Vince Turcotte, the business development lead for Asia Pacific at Chainlink Labs, said:
“combining Chainlink CCIP with Rapid Addition’s FIX platform lowers the technical barriers of entry to new trading venues, buy-side participants, and brokers for digital assets.”
The partnership between Chainlink and Rapid Addition ensures that existing risk and execution platforms will be able to interoperate with new blockchain-based asset types, enhancing overall efficiency and compatibility.
Regarding institutional adoption of blockchain and crypto, Mike Powell, CEO of Rapid Addition, said:&nbsp;
“our users require access to liquidity and post-trade services regardless of the underlying technology. As a result of this collaboration with Chainlink, financial institutions will be able to leverage their existing trading infrastructure to enter the new era of digital assets.”
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/chainlink-collaborates-with-rapid-addition-to-develop-adapter-for-institutional-digital-asset-trading/" rel="noopener noreferrer nofollow">Chainlink Collaborates With Rapid Addition To Develop Adapter for Institutional Digital Asset Trading</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Chainlink Collaborates With Rapid Addition To Develop Adapter for Institutional Digital Asset Trading

Table of Contents

ItsBitcoinWorld

Další články publikované 3. 5. 2024

SuperEx will be the title sponsor Ordinals Party Night on May 9 in Hong Kong

TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential

Crypto ETFs Initiate Collaboration in Hong Kong

LZFU.COM : The Crypto Path

Innovate UK Pledges £1 Million Grant for a Carbon Assessment Tool Enhancement

Bitcoin Rebounds from Two-Month Low: What’s Next?

Join our free newsletter for daily crypto updates!